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Startup from former Google, Meta execs raises $100M

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Majestic Labs, a startup from former Google and Meta executives Ofer Shacham, Sha Rabii and Masumi Reynders, announced $100 million in funding raised.

Most recently, the company closed a $71 million Series A funding round in September. Bow Wave Capital led the funding round.

Majestic Labs is working on technology designed to reduce cloud companies' spend on data center buildouts.

Read more from CNBC.

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